Avon Town Council Meeting Agenda March 10 2026
The Summit Development Plan Approved with $10M Town Commitment
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Description
The Avon Town Council approved Grand Peaks LLC's Major Development Plan and Development Bonus for The Summit (Lot B, Avon Center), contingent upon a future Development Agreement establishing up to $10 million in Town funding for public benefits. The agreement covers public plazas, housing commitments, and collaborative public amenities.
Contract Details
Contract Amount
Not to exceed $10,000,000 in principal (Town funding commitment), plus construction and in-kind commitments
Vendor
GRAND PEAKS LLC
Agency
Town of Avon, CO
Contract Type
CONSTRUCTION
Document Date
March 9, 2026
Contract Term
To be determined upon execution of the Development Agreement; estimated dates not provided
Renewal Info
Development Agreement is pending; specific renewal or extension options to be determined in final executed documents. Approval includes requirement that further agreements with URA and DDA may be executed; date of agreement execution not yet set.
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